Let's export Europe's disposable income to China. I had the same argument when my parents complained the EC was crippling the UK's farmers despite their fridge being full of New Zealand 'Anchor' butter. It'd been shipped frozen half-way around the world but was a few pence cheaper than the locally produced 'Country Life'. Personally I'd rather spend a bit more and support local business than go for the lowest common denominator.

Quality, health and safety wise China leaves a lot to be desired too...

Absolutely. But what I hate is when something costs "that much" not because the end user has to pay for R&D on top of the materials, salaries, etc, or because it is unique, but because he "can", "can afford to" or "willing to" pay "that much".

Think of high-end audio industry, for example.

Fetish industry (high-end audio is also a fetish industry, BTW) is no different. You pay 500% premium just because "an item" is located in the adult shop. But look around (DIY shops, supermarkets) and you will find the same rope, rubber gloves or stockings much cheaper.